Greggs Stock News

Greggs PLC (LSE:GRG), the bakery chain, has won an upgrade from Panmure Liberum and a higher price target from Deutsche Bank after stronger third-quarter sales prompted Panmure to raise its profit forecasts. Panmure Liberum has upgraded the bakery chain to ‘buy' from ‘hold', raising its target price to 2,440p from 1,560p.

Greggs PLC (LSE:GRG) shares jumped as much as 9.1% to an intraday high of 2,046p after stronger third-quarter trading and plans to consolidate manufacturing operations drew a positive response from Panmure Liberum. The broker, which has a 'hold' rating and a 1,560p price target, said company-managed like-for-like sales growth of 3.4% in the 13 weeks to 26 September represented a clear sequentia...

Shares in Greggs jumped over 6% on Wednesday after the British bakery chain reported stronger sales and issued a “modestly improved” outlook for 2026. The company said total sales rose 7.7% in the 13 weeks to September 26 from the same period a year earlier, with trading gaining momentum through the quarter.

Greggs PLC (LSE:GRG), the UK bakery and food-to-go chain, expects a modestly improved result for 2026 after stronger third-quarter trading, while announcing plans that could close four manufacturing sites and affect about 740 jobs. Total sales rose 7.7% in the 13 weeks to 26 September, while like-for-like sales at company-managed shops increased 3.4%.

The U.K. bakery chain said the proposal to consolidate its in-house manufacturing activities was the result of a review aiming to ensure cost-efficient operations.

Greggs PLC (LSE:GRG) has been downgraded by RBC Capital Markets as it believes further price increases could deepen the bakery chain's decline in sales volumes. RBC's rating was cut to 'sector perform' from 'outperform' following the company's half-year results, although the price target was lifted to 1,960p from 1,830p.

Analysts at JPMorgan reckon Greggs PLC (LSE:GRG), the baker, may have reached an earnings inflection point after first-half profits beat expectations and management adopted a more confident tone on trading. “The inflection we talked about appears evident now,” analyst Borja Olcese said in a note, citing “materially more positives than negatives”.

British fast food chain Greggs' ‌latest attempt at overseas expansion - a store at Tenerife South Airport in Spain's Canary Islands - has got off to a promising start, its boss said ​on Wednesday.